For Week Ending March 16, 2024 The U.S. homeownership rate declined in the fourth quarter of 2023, sliding 0.3% from the third quarter to 65.7% at year’s end, according to the Census Bureau’s Housing Vacancy Survey, as higher interest rates … Continue reading
March 21, 2024 After decreasing for a couple of weeks, mortgage rates are once again on the upswing. As the spring homebuying season gets underway, existing home inventory has increased slightly and new home construction has picked up. Despite elevated … Continue reading
Spring market blossoming early amid signs of turnaround The median sales price increased 4.5% to $357,700 Signed purchase agreements rose 13.1%; new listings up 34.5% Market times fell 3.3% to 59 days; inventory up 13.3% to 6,665 (Mar. 18, 2024) … Continue reading
For Week Ending March 9, 2024 Mortgage rates fell for the first time in five weeks, as the average 30-year fixed rate mortgage slid 0.06 percentage points to 6.88% the week ending March 7, 2024, according to Freddie Mac. The … Continue reading
March 14, 2024 The 30-year fixed-rate mortgage decreased again this week, with declines totaling almost a quarter of a percent in two weeks’ time. Despite the recent dip, mortgage rates remain high as the market contends with the pressure of … Continue reading
